COMPANY ANNUAL COMPLIANCES

All companies registered in India like private limited company, one-person company, limited company, and section 8 company must file MCA annual return and income tax return each year on or before September 30th.Annual return consists of information and documents that includes Balance Sheet of the Company, Profit & Loss Account, Compliance Certificate, Registered Office Address, Register of Members, Shares and Debentures details, Debt details and information about the Management of the Company.

IMPORTER EXPORTER CODE (IEC)

Import Export (IE) Code is a registration required for persons importing or exporting goods and services from India. IE Code is issued by the Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industries, Government of India. IE Codes when issued can be used by the entity throughout its existence and doesn’t require any renewal or filing.

FSSAI REGISTRATION AND LICENSE

The Food Safety & Standards Act, 2006 introduced to improve the hygiene and quality of food has brought about tremendous changes in the food industry. As per the Act, no person shall commence or carry on any food business except under a FSSAI license or FSSAI registration. Therefore, any food manufacturing or processing or packaging or distributing entity is now required to obtain a FSSAI License or Registration.

FSSAI License is issued by the Food Safety and Standards Authority of India (FSSAI), Ministry of Family Health & Welfare, Government of India.

Application to commence a food business must be made to the FSSAI in the prescribed format. Based on the application and supporting documents, FSSAI will accord approval. ASNTAX Fincorp can help your business obtain FSSAI Registration or License quickly and hassle-fee.

EMPLOYEE STATE INSURANCE (ESI)

ESI is a must for entities employing 10 or more persons. ESI contribution is required for employees earning less than Rs.15,000/- per month.

Employees State Insurance (ESI) is a self-financing social security and health insurance scheme for Indian workers. For all employees earning INR 21000 or less per month as wages, the employer contributes 4.75 percentage and employee contributes 1.75 percentage, total share 6.5 percentage. This fund is managed by the ESI Corporation (ESI) according to rules and regulations stipulated therein the ESI Act 1948, which oversees the provision of medical and cash benefits to the employees and their family through its large network of branch offices, dispensaries and hospitals throughout India.

PROVIDENT FUND REGISTRATION

Employees Provident Fund (EPF) is a scheme controlled by the Employees Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the supervision of Employees Provident Fund Organisation (EPFO). PF registration is applicable for all establishment which employs 20 or more persons. PF registration can also be obtained voluntarily by establishments having less than 20 employees.

DIGITAL SIGNATURE CERTIFICATES OR DSC

Digital signature certificates or DSC are required for filing income tax returns, company filings, import export clearance and e-tenders.

Digital Signature Certificate are stored on a secure USB flash drive called an E-Token. The Digital Signature Certificate stored in the USB flash drive must be connected to a computer to electronically sign a document. Digital Signature can be of two classes i.e., Class II and III.